Friday, September 9, 2016

Spanish founder of Zara fashion chain overtakes Bill Gates to become Wold's Richest Man

picture with daughter
The Spanish founder Amancio Ortega of the Zara fashion chain has overtaken Bill Gates to become the world's richest man.

According to Forbes Amancio Ortega's personal fortune leapt by $1.7billion this week to $79.5billion - taking the entrepreneur past the Microsoft cofounder's estimated $78.5billion. 

He became the world's richest man on Wednesday when shares of his business Inditex, parent company to Zara, Massimo Dutti and Pull&Bear, went up 2.5 per cent.


It is not the first time he has topped the list and was briefly ahead of Bill Gates in October before a surge in Microsoft shares put him back in second place.

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